When the coupon rate is less than the yield to maturity, the bond sells for a premium over the par value

Operating leverage means financing a portion of a firm's earnings per share with debt

Indicate whether the statement is true or false

The difference between the number of days resources are tied up in the operating cycle and the number of days a firm can use spontaneous financing before payment is made is the ________

A) cash conversion cycle B) average payment period C) operating cycle D) average age of inventory